WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives $40.63 Average Price Target from Brokerages

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $40.63.

A number of equities research analysts have recently commented on WSC shares. Barclays reduced their target price on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. Robert W. Baird reduced their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, March 10th. Oppenheimer reduced their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Morgan Stanley upped their target price on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Monday, May 12th. Finally, William Blair reaffirmed a “market perform” rating on shares of WillScot Mobile Mini in a report on Thursday.

Insider Activity at WillScot Mobile Mini

In other news, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the completion of the sale, the director now directly owns 626,306 shares in the company, valued at approximately $18,908,178.14. This trade represents a 14.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Timothy D. Boswell purchased 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $29.14 per share, with a total value of $145,700.00. Following the completion of the transaction, the chief operating officer now owns 34,156 shares in the company, valued at approximately $995,305.84. This trade represents a 17.15% increase in their position. The disclosure for this purchase can be found here. 3.30% of the stock is owned by insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Baillie Gifford & Co. purchased a new position in shares of WillScot Mobile Mini during the 1st quarter worth approximately $145,392,000. Norges Bank acquired a new position in shares of WillScot Mobile Mini during the 4th quarter valued at $97,734,000. Franklin Resources Inc. lifted its holdings in shares of WillScot Mobile Mini by 34.4% during the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company’s stock valued at $345,020,000 after acquiring an additional 2,639,559 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of WillScot Mobile Mini by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company’s stock valued at $509,811,000 after acquiring an additional 1,924,653 shares in the last quarter. Finally, Van Berkom & Associates Inc. acquired a new position in WillScot Mobile Mini in the 4th quarter worth $58,855,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Stock Performance

NASDAQ WSC opened at $26.95 on Wednesday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. WillScot Mobile Mini has a 1 year low of $21.91 and a 1 year high of $43.80. The company has a market capitalization of $4.92 billion, a PE ratio of 179.68, a P/E/G ratio of 2.18 and a beta of 1.28. The company has a fifty day moving average of $26.37 and a two-hundred day moving average of $31.98.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.04). WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The company had revenue of $559.55 million during the quarter, compared to analyst estimates of $555.51 million. During the same quarter in the prior year, the company earned $0.29 EPS. The business’s revenue was down 4.7% on a year-over-year basis. As a group, analysts expect that WillScot Mobile Mini will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 1.04%. WillScot Mobile Mini’s payout ratio is currently 311.11%.

WillScot Mobile Mini Company Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.